Tag Archives: National Bank of Georgia

If investment in education is not massively expanded, then it will be very difficult to compete in the modern world – George Kadagidze, President of the National Bank of Georgia (NBG), states. “In the 21st century, the only resource is educated and free workforce as well as efficient staff. The …

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 12, 2015 and decided to increase the refinancing rate by 50 basis points to 6.0 percent. According to the central bank’s statement, the monetary policy decision is based on the macroeconomic forecast, which indicates increase …

The Monetary Policy Committee (MPC) of the National Bank of Georgia (NBG) met on August 12, 2015 and decided to increase the refinancing rate by 50 basis points to 6.0 percent. The National Bank has released a statement about the issue, which we are offering without any change in it: …

“Now is not the time for wild accusations, it is time to work round the clock,” George Kadagidze, President of the National Bank of Georgia (NBG), said at a briefing. According to him, completely baseless and comical allegations from the government and members of the ruling coalition have become a …

President George Margvelashvili has vetoed the bill on the National Bank of Georgia at today’s briefing. The bill, which envisages separation of the supervisory service from the National Bank, was submitted to the Presidential Administration on July 22. The President was given ten days to present his observations and carrying …

An interview with George Tsutskiridze, the Executive Director of the Association of Banks of Georgia President of the National Bank says that the bill that envisions stripping the National Bank of Georgia (NBG) of its banking supervisory functions will have negative consequences for the banking system and investment climate in general. …

President’s veto on the bill concerning the National Bank is yet another opportunity for Members of Parliament to reconsider their decision, NBG’s President Giorgi Kadagidze told reporters. According to him, the bill may create serious dangers for Georgia. “First of all, even from a legal point of view, the bill cannot stand …

The banking sector ended the first half of 2015 with a 243 -million profit. According to the National Bank of Georgia (NBG), the sector’s profit increased by 26% a year (in January-June 2014 – GEL 192.43 million). In June, the banking sector’s profit totaled GEL 57,423 million, which is lower …

The National Bank of Georgia (NBG) recommends the government to cut spending. The central bank has already sent to Parliament its views and observations about amendments planned to the 2015 budget. “Due to the processes in the world caused by the dollar strengthening against all the major currencies and a very …

Economic situation in the main trade partners is of great importance for the countries with small economies such as Georgia. That is the conclusion of the survey conducted by the Business School at Ilia State University. The researchers estimate that a decline in purchasing power in the region, the developments in …